My partner came upon a possible short sale deal today totally out of the blue. Found a homeowner who has received an eviction notice after living a house for 4 years. Said his monthly payments went from $500 to $900...

Apparently PMI companies are pursuing deficiency judgements against people who walk away from their mortgages. There's a link in this article so you can check what your state allows.

http://www.marketwatch.com/story...

I realize there is no sure fire way to guarantee a lender will agree to a short sale and in a lot of cases it seems to come down to "the bottom line", will it be it more profitable; or should I say less costly; tha...

What do you say to a seller when they ask how does a short sale benefit me after I've done bankruptcy? Are there even any benefits? What I've been saying mainly is that its added protection and gets your name out of i...

I just spent an hour talking with an owner 2 months from foreclosure. They have had 2 people try to work their SS magic to no avail. I believe the last one was another investor in the area and the owner shut it down...

Buyer purchases subject-to and bank calls sale.  Is it the responsibility of the buyer to pay the balance of the mortgage or the seller? If the buyer can't pay, does it then become the sellers responsibility? Can the ...

I'm interested in buying non performing notes. How do I get listings of available notes from banks/hedge funds.

Has anyone been very successful in either buying the note on a second mortgage or shorting a second while leaving the first in place?
I have a situation where the property owner owes about $235K on a first and $80K on...

What's the difference between a Sheriff's Sale Under Foreclosure, and a Trustee Sale, in California?

In a Sheriff's Sale, do I have to watch out for second liens the way I do in a Trustee Sale?

So I saw a public n...

Hello everyone. I am a commercial loan officer at a small community bank. I've been a lender for 10 yrs and seen so much in this short timeframe. Safe to say we operate in a totally different way than a big bank does....